With the consumption upgrade and income growth, at present 3-6 years to replace the car is a major trend of domestic consumers.
However, for the vast majority of consumers, a car often still want to drive for a long time, durability is an important indicator to consider the good or bad of a car.
June 2018 is the first month of the implementation of the new subsidy for domestic new energy vehicles, so the new energy sales in the month are particularly concerned.
Let’s take a look at the sales of new energy vehicles in China.
Since the beginning of this year, the production and sales of new energy (5.570, 0.00, 0.00%) vehicles have continued to maintain a state of “rapid progress”.
Data from the China Association of Automobile Manufacturers shows that in the first 7 months of this year, the production and sales of new energy vehicles in China completed 504,000 and 496,000 vehicles respectively, up 85% and 97.1% compared with the same period last year, respectively. The production and sales volume far exceeds the industry expectation, and is expected to break the development trend of the new energy vehicle market in previous years.
Cui Dongshu, secretary-general of the association, believes that the current sales of new energy vehicles have become the core driving force to drive the growth and increment of the car market. “After the policy is clear, the development power of the new energy market will not be reduced.”
Subsidy adjustment did not reduce consumption of new energy vehicles after the official implementation of the new policy on June 12, car enterprises accelerated the inventory clearance of low range models before June, to a certain extent, improve the overall sales of new energy vehicles.
At the time, the industry had feared that new subsidies would cause fluctuations in new energy sales in July, but sales results exceeded expectations.
China produced and sold 90,000 and 84,000 new energy vehicles respectively in July, up 53.6 percent and 47.7 percent from a year earlier, according to the China Association of Automobile Manufacturers.
The production and sales of pure electric vehicles were 68,000 and 60,000, respectively, up 45.4% and 33.6% over the same period of the previous year.
The production and sales of plug-in hybrid electric vehicles reached 23,000 and 24,000, respectively.
In terms of new-energy passenger cars, 71,000 new energy narrowly defined passenger cars were sold in July, up 65 percent year on year, according to data released by the passenger Association.
Xu Haidong, assistant secretary general of the China Association of Automobile Manufacturers, said in an interview with the National Business Daily that “domestic automakers have a layout for the new subsidy policy, and the current iteration products with high mileage also meet the demand for consumer upgrading.”
